Chris77
Mommy to PJ and Gavin
- Joined
- Jan 30, 2008
- Messages
- 46,052
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I dont even undertand english politics to me its ll a bunch of money grabbing nob jockeys (just my opinion obviously) x x x
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I dont even undertand english politics to me its ll a bunch of money grabbing nob jockeys (just my opinion obviously) x x x
QUOTE]
Wow Chris you sure know your stuff x i dont blame you for not wanting him as president after reading that x
So If you know all this why isnt the rest of america following suit & backing McCain??
I'm not too sure about Sarah Palin though I dont like her for the fact she Likes hunting & thats something I totally disagree with x The best thing the England did was ban fox hunting
Chocolate cake is moe just normal sponge i ran out of chocolate powder
Chris - yes so same as here, that is each of us pays 40% tax (so 10% less than you) on all earnings over £34,600 ($52,700). So your earnings threshold is considerably lower for the higher rate tax (£25,000 equivalent here). What is the tax rate on earnings below $42,000? Ours is 20%. However we have to add to that our national insurance contributions (for healthcare) which are 11% of income. I guess you have to pay some sort of health insurance over there?
Wow Chris you sure know your stuff x i dont blame you for not wanting him as president after reading that x
So If you know all this why isnt the rest of america following suit & backing McCain??
I'm not too sure about Sarah Palin though I dont like her for the fact she Likes hunting & thats something I totally disagree with x The best thing the England did was ban fox hunting
Chocolate cake is moe just normal sponge i ran out of chocolate powder
Good question Reedy. I have no idea why the rest of America isn't following suit. I think they don't want to believe it because they are SO fed up with Bush and Republicans in office that they will vote for any Democrat that comes along without really stopping to think what this man represents. That's my theory anyway.
I'm against hunting for furs and things of that nature. Are you a vegetarian Reedy?
Chris - yes so same as here, that is each of us pays 40% tax (so 10% less than you) on all earnings over £34,600 ($52,700). So your earnings threshold is considerably lower for the higher rate tax (£25,000 equivalent here). What is the tax rate on earnings below $42,000? Ours is 20%. However we have to add to that our national insurance contributions (for healthcare) which are 11% of income. I guess you have to pay some sort of health insurance over there?
Yeah, we have to pay for health insurance. It comes out of our paycheck and varies depending on if it's just for you or a family. It also depends on which healthcare you have, as there are many here. I'm not really too sure what the tax rate is on earnings below - I think it's a standard rate. I THINK! All I know is that the more money you make, the more taxes are taken out. So, if you work too much overtime, it's not worth it because all of it goes to the government. I'm really not sure how all the tax thing works TBH.
So, we get the following taken out of our checks: federal or gov't tax, state tax, social security, health insurance and retirement. For example right now, a $3000 monthly paycheck is whittled down to less than $2300 after federal, social security and medicare taxes are taken out and that's not including stat taxes, benefits and retirement. So with Obama's plan, it will be double that, so a $3000 monthly paycheck will be whittled down to about $1,400.
Chris - yes so same as here, that is each of us pays 40% tax (so 10% less than you) on all earnings over £34,600 ($52,700). So your earnings threshold is considerably lower for the higher rate tax (£25,000 equivalent here). What is the tax rate on earnings below $42,000? Ours is 20%. However we have to add to that our national insurance contributions (for healthcare) which are 11% of income. I guess you have to pay some sort of health insurance over there?
Yeah, we have to pay for health insurance. It comes out of our paycheck and varies depending on if it's just for you or a family. It also depends on which healthcare you have, as there are many here. I'm not really too sure what the tax rate is on earnings below - I think it's a standard rate. I THINK! All I know is that the more money you make, the more taxes are taken out. So, if you work too much overtime, it's not worth it because all of it goes to the government. I'm really not sure how all the tax thing works TBH.
So, we get the following taken out of our checks: federal or gov't tax, state tax, social security, health insurance and retirement. For example right now, a $3000 monthly paycheck is whittled down to less than $2300 after federal, social security and medicare taxes are taken out and that's not including stat taxes, benefits and retirement. So with Obama's plan, it will be double that, so a $3000 monthly paycheck will be whittled down to about $1,400.
Sounds a lot like mine, however, come new year the alberta government is going to be covering basic medical.